Deals
GTT Said Nearing Sale of European Assets to Macquarie
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GTT Communications Inc. is in advanced talks to sell European fiber assets to affiliates of Macquarie Group Ltd., 3i Group Plc and AustralianSuper, according to people with knowledge of the matter. GTT’s shares gained as much as 31%.
The consortium is in talks to buy the assets for more than $2 billion, said one of the people, who asked to not be identified because the matter isn’t public. As with all deals that aren’t finalized, it’s possible talks could fall through.